/ Author: SPF

In the fast-paced world of property acquisition, time is often of the essence. One of our clients had identified the perfect property and was in a competitive process to complete the purchase before the other bidder.

Pierre Blampied, Managing Director of SPF initiated the collaboration, with Matt Watson from Tenn Capital, a trusted partner who could assist in the extremely tight timescales to enable them to purchase the property using both properties as security with the debt being repaid on sale of current primary residence.

Client Background
The client, a company was engaged in a highly competitive property acquisition process, looking to secure funds quickly to purchase the prime property in Guernsey.

The Financing Package
SPF and Tenn Capital proposed a classic bridge loan solution to the client, a strategic move that would enable the company to secure the necessary funding within a tight timeframe. The terms of the loan were structured with precision, a £1.5 million loan with a Loan-to-Value (LTV) ratio of 45%. To ensure the viability of the bridge loan, a comprehensive due diligence process was undertaken. This involved a thorough assessment of the client’s creditworthiness, evaluating the financial stability and reliability of the company.

The Road Ahead
The collaboration between SPF Private Clients and Tenn Capital exemplifies the power of strategic partnerships in the financial sector. By combining expertise, diligence, and a commitment to excellence, SPF was able to provide the bridge loan process within three weeks, which allowed our client to secure the desired property.

Testimonials